Kotak Mutual Fund underweight on infrastructure sector

Harsha Upadhyaya, Head of Equities, Kotak Mutual Fund is underweight on the infrastructure sector.

Upadhyaya told CNBC-TV18, "We continue to be underweight on the infrastructure sector. We believe that there is still  sometime away before we actually see revival in infrastructure capex, although we would like to see government taking  further steps to revive this sector with some policy framework, but that is yet to be done."
He further added, "Also there are company specific issues and we believe that it is time to stay away or be  underweight on the sector at this point of time and then as we get more clarity in terms of investment cycle picking up,  probably that is the time to go and bid on these sectors."